U.S. markets closed
  • S&P 500

    4,401.46
    -20.84 (-0.47%)
     
  • Dow 30

    35,058.52
    -85.79 (-0.24%)
     
  • Nasdaq

    14,660.58
    -180.14 (-1.21%)
     
  • Russell 2000

    2,191.83
    -25.09 (-1.13%)
     
  • Crude Oil

    71.77
    -0.14 (-0.19%)
     
  • Gold

    1,800.10
    +0.90 (+0.05%)
     
  • Silver

    24.76
    -0.55 (-2.18%)
     
  • EUR/USD

    1.1825
    +0.0017 (+0.14%)
     
  • 10-Yr Bond

    1.2340
    -0.0420 (-3.29%)
     
  • GBP/USD

    1.3882
    +0.0058 (+0.42%)
     
  • USD/JPY

    109.7600
    -0.6150 (-0.56%)
     
  • BTC-USD

    38,019.78
    -21.02 (-0.06%)
     
  • CMC Crypto 200

    898.46
    +22.22 (+2.54%)
     
  • FTSE 100

    6,996.08
    -29.35 (-0.42%)
     
  • Nikkei 225

    27,970.22
    +136.93 (+0.49%)
     

John Rogers' Firm Trims Alithya Stake

John Rogers (Trades, Portfolio)' Ariel Investments disclosed earlier this week that it trimmed its holding in Alithya Group Inc. (NASDAQ:ALYA). This and other real-time Guru portfolio updates are available on GuruFocus Real-Time Picks, a Premium feature.


The firm disclosed a holding of 1,035,698 shares, down 22.88% from the third quarter-end holding of 1,343,006. Shares traded around $2.25 apiece on the Nov. 30 transaction date.

72f9549016d9c47d0546b3e5657b485a.png
72f9549016d9c47d0546b3e5657b485a.png

Company background and financial highlights

The Montreal, Quebec-based company deploys solutions, services and skill sets to craft tools tailored to its clients' business needs in a wide range of market sectors, including financial services, manufacturing and health care. The company said in its Nov. 13 press release that as of the quarter ended Sept. 30, Alithya has over 2,000 professionals offering digital business solutions across Canada, the U.S. and Europe.

Alithya reported revenues of $67,373 million Canadian dollars (approximately $50.942 million USD) for the September quarter, which included $30.9 million CAD from the acquisition of Edgewater. Despite this, the decline in lower margin service revenues offset growth in higher value-added service revenues, leading to a pre-acquisition revenue decline of $600,000 CAD.

82c68ac468e337184ba7b41e3a54ef1c.png
82c68ac468e337184ba7b41e3a54ef1c.png

According to GuruFocus, Alithya's cash-to-debt ratio and debt-to-equity ratio underperform approximately 77% and 55% of global competitors, suggesting moderately-low financial strength.

See also

We are glad to have Rupal Bhansali as one of our speakers at the 2020 GuruFocus Value Conference. Bhansali, who manages Ariel Investments' international and global equity strategies, started her buy-side investing career at George Soros (Trades, Portfolio)' Soros Fund Management.

Disclosure: No positions.

Read more here:

  • Top 5 Buys of John Rogers' Ariel Investment

  • Wasatch International Growth's Top 5 Buys of the 3rd Quarter

  • Bill Ackman's Pershing Square Packs Into Agilent



Not a Premium Member of GuruFocus? Sign up for a free 7-day trial here

This article first appeared on GuruFocus.